As senior citizens look for safe investment opportunities to secure their financial future, two popular options often come into consideration: the Senior Citizens Savings Scheme (SCSS) and bank fixed deposits (FDs). Each investment vehicle offers unique advantages tailored to the needs of retirees. This article compares these options, examining the nuances of each to determine…
The Mahila Samman Savings Certificate (MSSC) is a unique small savings scheme introduced by the government, primarily aimed at providing financial security and growth opportunities for women. With a maturity period of two years, this scheme offers an attractive interest rate, making it an excellent choice for women and guardians of girl children who wish…
As India positions itself as a major player in the global oil and gas market, the sector presents compelling investment opportunities for 2024. This industry not only drives a significant portion of India’s economic engine but also faces the dual challenge of meeting rising domestic energy demands while managing a heavy reliance on oil and…
In a significant move in the Indian startup ecosystem, Dhruv Dhanraj Bahl, the former Chief Operating Officer (COO) of BharatPe, has founded his maiden venture capital fund, Eternal Capital. With an initial capital aim of Rs 120 crore and a potential extension up to Rs 240 crore through a green shoe option, Eternal Capital is…
In May 2024, banks across India will experience a series of closures, impacting both private and public sector institutions. The Reserve Bank of India (RBI) has categorized these holidays under various laws and circumstances including the Negotiable Instruments Act and election-related closures. This guide provides an in-depth look at the bank holidays for May 2024,…
Every year, specific dates are marked across the world and in India for their cultural, social, and political significance. Among these, May 1st stands out not only as a global celebration of labour and workers’ rights but also as a significant regional observance in India. This day prompts closures in various sectors, including the banking…
The Odisha Staff Selection Commission (OSSC) has announced a significant recruitment drive for the Combined Higher Secondary Level (CHSL) for the year 2024. This initiative aims to fill 671 various posts across different departments in the state government, targeting young and aspiring individuals with a minimum educational qualification of 10+2. Here’s everything you need to…
The Bombay Stock Exchange (BSE) Ltd., one of India’s premier stock exchanges, witnessed a significant tumble in its stock price, dropping by 18% on Monday. This marks the largest single-day decline since the company went public in 2017. The sharp fall in BSE’s stock price can be attributed to a new regulatory directive from the…
The Employees’ Provident Fund (EPF) is a critical savings tool for millions of employees across India, providing a financial safety net for retirement. Each year, EPF members eagerly await the crediting of interest to their accounts. The financial year 2023-24 has seen a slight increase in interest rates compared to the previous year, raising questions…
As technology continues to advance, one of the most exciting developments has been the rise of drones. In India, the drone industry is experiencing explosive growth, driven by increased demand across various sectors including agriculture, defence, and delivery services. With government support and a burgeoning startup ecosystem, the drone market in India presents a fertile…